LONDON, July 22 --
- Bank Upgrades to Latest Version of Midas Plus to Cater for Over Five Million
Misys (LSE:MSY), the global application software and services company, today
announced that Moscow-based ZAO Raiffeisenbank, a subsidiary of International
Bank-Holding AG, which is part of Austrian RZB Group, has gone live with the
latest core banking solution, Misys Midas Plus 1.4. As a long-standing customer
of Misys and a consistent innovator, Raiffeisenbank was keen to gain the
benefits from the latest available core banking technology as soon as it was
Raiffeisenbank is the Russian subsidiary of Raiffeisen International
Bank-Holding AG, which is part of RZB Group, the central institution of
Austria’s largest banking group. Raiffeisen has been operating in Russia
since 1996. With its constantly expanding network in Central and Eastern Europe,
Raiffeisen has developed into one of the region’s leading banking groups.
It was awarded the title Bank of the Year in Central and Eastern Europe (CEE) by
The Banker magazine in autumn 2008, Global Finance magazine in spring 2009 and
Euromoney magazine at the beginning of this month. The banking group has been a
Misys customer for over a decade and during that time has regularly worked with
the dedicated team to make use of the most modern technology.
Raiffeisenbank has expanded continuously since it first opened its offices in
Russia and Misys has always worked in partnership by underpinning the growth
with market-leading solutions keeping pace with the increase in volumes and
customer demands from the region’s retail banking sector. Raiffeisenbank
is today the 9th largest bank in Russia in terms of assets and runs more than
230 branches across the country. Because of the scale of the operations in the
region, Raiffeisenbank has witnessed particularly high lending and funds
transfer volumes and has seen a significant increase in retail account activity.
Building on the recognised strengths of Midas, the latest version - Midas Plus
1.4 - supports a wide range of business areas and uses the latest tools and
development environments to introduce significant new capabilities, making it
more robust and improving its ability to scale as the bank grows its operations
and increases volumes of transactions.
Mr. Schoefboeck, COO of Raiffeisenbank Russia comments: The bank had a strong
business need to migrate to Midas Plus as quickly as possible. We were looking
for a new system platform to support our future growth. The bank and Misys
formed a strong experienced team to ensure the rapid implementation of the
latest version of Midas Plus. Thanks to the strong team and partnership between
Raiffeisenbank and Misys, the migration went very smoothly and successfully.
Russia and CEE has seen rapid development over the past decade and Misys has
been able to work alongside Raiffeisen to support the bank’s growth in
that market, adds Richard Watrasiewicz, Director Professional Services Europe,
Misys. Misys Midas Plus 1.4 is the latest core banking solution which will
enable Raiffeisen International Bank to manage its growth smoothly, whilst
continuing to innovate its services and maintain the high levels of customer
satisfaction it attains.
About Misys plc
Misys plc (LSE:MSY), provides integrated, comprehensive solutions that deliver
significant results to organisations in the financial services and healthcare
industries. We maximise value for our customers by combining our deep knowledge
of their business with our commitment to their success.
In banking and treasury capital markets, Misys is a market leader, with over
1,200 customers, including all of the world’s top 50 banks. In healthcare,
Misys plc owns a controlling stake in NASDAQ-listed Allscripts-Misys Healthcare
Solutions, Inc, a clear leader in the provision of healthcare technology,
serving more than 150,000 physicians, 700 hospitals and nearly 7,000 post-acute
and homecare organisations. Misys employs around 6,000 people who serve
customers in more than 120 countries.
We aspire to be the world’s best application software and services
company, delivering results for the most important industries in the world.
Misys: experience, solutions, results
Contact us today, visit: http://www.misys.com
ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG.
Raiffeisenbank is ranking 9th in terms of assets among the Russian banks based
on 1Q 2009 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank
ranked 4th in Russia in terms of private deposits and 6th in consumer lending in
Russia based on 1Q 2009 results.
Raiffeisen International operates one of the largest banking networks in CEE.
17 markets in Europe’s growth region are covered by subsidiary banks,
leasing companies and a range of other financial service providers. The
group’s more than 62,000 employees service over 14.9 million customers via
more than 3,200 business outlets. Raiffeisen International is a fully
consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which
owns about 70 per cent of the common stock. The remainder is in free float and
the shares are listed on the Vienna Stock Exchange. RZB is a leading corporate
and investment bank in Austria and the central institution of the Austrian
Raiffeisen Banking Group, the country’s largest banking group.
For further information please contact: Edward Taylor Global Head of Public
Relations Misys Solutions for Banking and Treasury Capital Markets
+44(0)20-3320-5530 email@example.com Sebastian Mathews FD
SOURCE: Misys plc
For further information please contact: Edward Taylor, Global Head of Public
Relations, Misys Solutions for Banking and Treasury Capital Markets,
+44(0)20-3320-5530, firstname.lastname@example.org; Sebastian Mathews, FD,